Changes in Hong Kong stocks | Starlink Technology (06727) fell more than 7% to hit a new low. Compared with A-shares, the discount rate expanded to more than 67% and was still in a loss position in the first half of the year

The Zhitong Finance App learned that Starlink Technology (06727) fell by more than 7%, hitting a new low of HK$39.66. As of press release, it decreased by 7.16% to HK$39.66, with a turnover of HK$16.291,000.

According to news, on September 21, Starlink Technology's “scarce target for domestic basic software” officially landed on the Hong Kong Stock Exchange. Although the company achieved “instant access after listing”, it was still unable to stop the breakout situation on the first day of listing. Currently, the discount rate for H shares compared to A shares has increased to about 67.4%. On the financial side, Starlink Technology's cumulative loss from 2023 to 2025 was about 878 million yuan. In the first half of this year, the company's revenue increased 13.83% year on year to 174 million yuan, and net loss to mother was 113 million yuan, narrowing by 21.06% year on year.

Furthermore, Starlink Technology's holdings were continuously reduced by Tencent before and after the Hong Kong Stock Exchange was submitted. From February 2025 to July 2026, Starlink Technology disclosed Tencent's holdings reduction three times. The amount of holdings reduction was 1,259,300 shares, 1,718,600 shares, and 1,211,400 shares, respectively. The cash amounts were 71.1599 million yuan, 102 million yuan and 154 million yuan, respectively. After reducing its holdings, Tencent's holdings fell from 8.77% to 5.29%.